Archstone-Smith : Financial snapshot

Financial snapshot

Financial Highlights
(in thousands, except per-share data)

	2005	2004	2003
Operating Performance
Total revenues	$1,073,439	$987,262	$1,025,959
Net operating income	$659,440	$613,966	$635,573
Earnings per share	$3.00	$2.69	$2.18
Funds from operations with gains/losses1 per common share	$3.40	$3.26	$2.54
Funds from operations with gains/losses attributable to common shares	$694,300	$650,116	$496,132
Cash dividends per common share	1.73	$1.722	$1.71

Market Capitalization:
Equity market capitalization	$10,368,512	$8,599,180	$6,393,308
Total market capitalization	$15,701,861	$12,748,817	$10,296,688
1 Funds from operations with gains/losses includes the net gains/losses Archstone-Smith generates through the sale of assets. 2Excludes $1.00 special dividend paid on December 28, 2004.